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Furthermore, people actually want us to deal with this problem, every bit as much as they want us to tackle issues like poverty and migration.
Through our chairmanship of the G8 and the Summit at Lough Erne, I put tax, trade and transparency on the global agenda and sought agreement on a global standard for the automatic exchange of information over who pays taxes where.
While many said it would never happen, today 129 jurisdictions have committed to implementing the international standard for exchange of tax information on request and more than 95 jurisdictions have committed to implementing the new global common reporting standard on tax transparency by 2018.
Yet all of these measures address only parts of the problem.
As the Panama Papers show, corruption is a truly global challenge. And wealth that is plundered from the poorest countries can end up hidden away in the richest countries.
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This publication is available at https://uk/government/publications/against-corruption-a-collection-of-essays/against-corruption-a-collection-of-essays Corruption is the cancer at the heart of so many of our problems in the world today.
It destroys jobs and holds back growth, costing the world economy billions of pounds every year.
It traps the poorest in the most desperate poverty as corrupt governments around the world syphon off funds and prevent hard-working people from getting the revenues and benefits of growth that are rightfully theirs.
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